The two most important factors in calculating your credit score.

• Payment History

• Total Debt

• The balance in your checking account.

All of the following would show up on a credit report EXCEPT...

• Student loan activity

• Credit card payment history

• Payment history of your car loan

• Salary of your current job

You will pay a fee for your credit score from FICO.com

You can get it free by

• Checking your credit card or loan statement

• Talking to a non-profit counselor

• Checking creditkarma.com

• Go to Fico.com

The single best way to improve your credit score is?

• Make on-time payments.

• Avoid paying your credit card bill if the balance is too high.

Which of the following individuals or groups would be the LEAST likely to look at your credit score?

• Someone interviewing you for a job

• Credit card companies

• An insurance company reviewing your applicant for auto insurance

• A bank representative who is helping you open a savings account

Credit reporting agencies (Equifax, Experian and TransUnion)

• Track all your credit information.

• Sell Bitcoin

You find an error on your credit report: Your credit card account indicates that you are 60

days late on your payment but you have bank records indicating that you have always

made on-time payments. What should you do FIRST?

• Call your bank

• Contact the credit card company to have them fix it

• Cut up your credit card

The amount you can charge to a secured credit card is limited by...

• The amount of money you deposit into the account as collateral.

• The number of items you can fit in the shopping bag.

What is the high rate method for paying off debt?

• A strategy  to pay off multiple sources of debt if you want to pay the

  lowest amount of interest over time.

• The strategy is to pay off multiple sources of debt if you want to pay the lowest balance item first.

What is the general timeline to establish your first credit score?

• 6 months after you first actively use credit.

• The first day you get a credit card.

• 1 year after your first loan.